What is a 'professional client'? Definition & meaning

More terms

Over-The-Counter (OTC)

A security that is sold outside of an exchange.

Packaged Retail and Insurance-based Investment Product (PRIIP)

An investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations.

Maturity date

The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.

Fundamentals

The data or information that is likely to impact a company's stock price.

Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.

Xetra

A trading venue operated by the Frankfurt Stock Exchange.

Yield

Income from an investment as a percentage of its current price.

Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.

Alpha

The percentage by which an investor outperforms a relevant benchmark.

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Professional Client